Tuesday, 18 November 2014

E-COMMERCE TO BOOST REAL ESTATE


 Monthly Magazine of Property Matter


The real estate industry in India is expected to benefit hugely by the rapidly growing e-commerce firms in the next seven years. India is expected to account for over 60 per cent or over one hundred million new e-commerce users according to Anshuman Magazine, chairman and managing director, CMD, CBRE South Asia Pvt. Ltd.

The e-commerce industry needs deliveryefficiency, inventory management, and freight-forwarding and this will be driving the need for experienced logistics operators in the region.

A significant share of this fresh foreign fund inflow of $3 billion that has come to Flipkart and freshinvestment by Amazon etc., is expected to get channelised into buildingwarehouses, expanding product line, upgrading and expanding supply chain, and possible acquisitions.

Amazon is already known to be planning to lease more than 1 million sq.ft of warehousing and logistics space by end-December, while Flipkart has reportedly leased around 500,000 sq.ft of space across the country, according to CBRE.

Global fashion apparel retailers, such as River Island, Dorothy Perkins, New Look, Blue Saint, and Vans, have entered into exclusive tie-ups with leading Indian online retailers for selling theirmerchandise, rather than setting up brick-and-mortar stores.

They are still testing the waters says CBRE so have left it to their retail partners to take care of the stocking and inventory. Going forward, one can only wait and watch for these developments to solidify in a more mature online retail environment said CBRE.

Sunday, 16 November 2014

ANCIENT SCIENCE WITH MUCH TO OFFER



    
Vaastu Shastra is the ancient Vedic science of architecture and building construction. This invaluable analysis on the possibilities of improvement in the quality of life of an individual by simply following certain well thought out architectural principles and laws of physics and the positioning of the Sun with respect to India which lies in the Northern Hemisphere, was co-authored by as many as 18 sages. The authors are sages Bhrugu, Arti, Vasistha, Purandar, Brahma, Kumara, Nandeesh, Shownak, Garga, Vasudeva, Aniruddha, Shukra and Bruhaspati.

More and more people, these days, are showing an increased interest in Vaastu Shaastra. As to the relevance of Vaastu Shastra, a lot has been said and written in its favor and also against it. The believers and followers of this ancient art of architecture are of the opinion that if the guidelines and instructions given by the Vaastu text are followed logically, using common sense in good measure, the desired results are bound to materialize. On the other hand, skeptics dismiss the entire concept as totally irrelevant and out of sync with modern times.

But, before an impression or view on subject matter is totally discarded, all the facts must be obtained. So, let us first explorethe basic concepts and instructions given in the Vaastu texts. At this juncture, we will only concentrate on the aspects of Vaastu Shastra that are still relevant and applicable to this day, without compromising on the desired result.

Although in recent times Vaastu Shastra hasgained popularity, it is still under a lot of scrutiny from skeptics and non believers. There is a lot of mis-understanding about the Vaastu text among the general public and professionals like Architects and Civil Engineers as well. This science has often been projected as a means to bring the house owner financial and related profit and prosperity. Though ultimately a person does benefit from the Vaastu wisdom, it is frequently labeled as superstition and blind faith.

It is ignorance on part of the people who are ready to discard Vaastu just because it is a scripture or for some other flimsy reason. It is sad that we tend to embrace all that is 'imported' or foreign made and look down upon the treasure of knowledge and wisdom that India has to offer.

 Let us first take a look at the concepts of Vaastu Shastra and how they affect us. Those who will only respond to scientific proof about the validity of Vaastu can verify the same by using the much tested, and successful modern science called “Geobiology”. Our ancestors created the forms and shapes described in the Vaastu texts which are in perfect harmony with the laws of nature and the 'Greater Creation' that surrounds us.

The nature and environment, all have both positive and negative effects on the subtle and complex Human Energy System. Grids of energy lines emanate from the surface of the Earth. Geobiology research has revealed that they have both positive and negative effects on the man made structures – houses and the general health. It is very important to understand the different types of energies that exist. At the micro level, like inside one's house, energies are being radiated constantly from electricity wires, television sets, microwave and numerous other sources that have tremendous effect on the human body.

The cell in the human body has a wavelength of 20-22 centimeters and all radiations having wavelengths less than 20 centimeters disturb and adversely affect the human body which can result in tumors, cancers, headaches, depression, etc. Research in the United States has proven that there is an undeniable link between tumors, cancers and other ailments and the close proximity of High Tension electrical lines in the residential areas.

Vaastu Shastra also helps in these cases and in making the house or building livable and free from negative energy force. Needless to say, a person opting for Vaastu based construction must have hispriorities in order and it must be clear to him why it is essential to adopt the Vaastu principles.

Vaastu Shastra also derives techniques and theories based upon the strong forces of nature; namely the five elements – Earth, Water, Wind, Fire and Sky. Vaastu guides us in the construction of ourhouses or commercial buildings in harmony with these energies so that they can generate a positive force field for the benefit of the dwellers or end-users. This will bring about an all-round feeling of peace and  tranquility.

The  Sun :
The Sun is the most important factor in VaastuShastra and a source of life on the earth. Its rays, light, and heat directly affect the life of all living things and is directly associated with the state of health of humans. The morning rays of the sun are considered beneficial and positive for the enhancement of human health.Whereas the afternoon rays are so harsh and harmful that you can actually get sick or affected by skin cancer or other ailments. So, the house should be built in such a way that the morning rays are absorbed and ventilation and the harmful, negative rays are blocked by the walls.

Water :
Water is another essential life saving element for human life and rightfully it has a lot of significance in Vaastu principles.

Wind / Air :
Air is a mixture of gases including oxygen, which is a life supporting element for all living organisms. Air or wind is theresult of change in pressure in the atmosphere. One can ascertain the direction of the wind by studying the atmospheric pressure changes. Accordingly you can decide the position of your windows or other forms of ventilation in the house to get maximum fresh air. In our country, the direction of southwest wind is taken into account as it is supposed to be most beneficial.

Earth :
As the earth slowly attained a solid form, originating from a fiery ball, it acquired certain magnetic properties as well. According to Vaastu Shastra, the magnetic north and south of the Earth with its positive and negative magnetic fields play a crucial role in our development and general well being.

We must sleep with our head on the north side, since our body is magnetized due to the quantity of iron present in our blood. This helps in achieving sound sleep.

The first step like in any other property undertaking is to acquire a plot. While acquiring the plot, the guidelines issued by the Vaastu Shastra need to be strictly followed. The plot upon which the dwelling house is supposed to be constructed has to be rectangular in shape or if possible, a perfect square. For the rectangular plot, the length must not be 1.5 times the width.

The logic behind this is to reduce the wastageof plot area. Also, a plot must have roads on the north or east or both. There must not be any window on the west and south side of the House to avoid harsh sunlight. If there were to be any, it could be only be very minimum.

An open space is desirable for garden in the north and east of the house, which will provide ample shade from the sun and a cool environment much like nature's version of an air conditioner. Vaastu Shastra also recommends a roof that is sloping towards the north or east, which yet again is aimed at minimizing the vagaries of the summer sun. Since the roof is totally exposed and bears the brunt of the sun's heat this measure seems logical.

The highest structural component of the house should be at the southwest corner of the terrace from the overall radiation and direct heat of the sun thus giving the house a breezy atmosphere. For a plot, with roads on either the east or west (or both), the slope of the plot should be towards the road. This is to avoid stagnation of rainwater, drainage etc. in front of the house or even within the compound wall. Also, any excess water flow from the house itself will be led away from the house if this step is followed.  

Placement  of  rooms :
Vaastu Shastra lays a lot of emphasis on the orientation or the precise location of the various rooms of the house likebedrooms, kitchen, living rooms and so on. The main bedroom or the master bedroom should be positioned on the southwest corner of the house and it is  recommended that the walls here must be thicker than the others for better temperature control. In India, more precisely, the entire northern hemisphere, the sun moves a lot towards the south (dakshinayan) in winter and the orientation of the bedroom and the thick walls together provide for the much  needed  heat gain in winter. Conversely, in summer the sun moves towards the north (uttarayan) and the thick walls prevent the room from becoming hot and humid.

All the various aspects discussed thus far are fine to some degree, but we need not subscribe to the vaastu concept just because it is projected as a very useful tool in alleviating your personal, emotional and  financial problems.

Vaastu Shastra also mentions in its expensive texts that if an individual does not adhere to the set rules and guidelines ofthe Vaastu Shastra, then bad things will happen to him personally and financially.


This may seem pompous or downright ridiculous, but even today there are certain self-proclaimed 'experts' of the vedic science who intimidate the gullible and 'god-fearing' by threatening in not-so-many words about the negative consequences of not following the Vaastu Shastra. These are matters of personal faith and understanding and definitely open to interpretation.

Thursday, 13 November 2014

GOVT RELAXES LAND RULES FOR INDUSTRY


Realestate Reporter


In a decision expected to have farreaching consequences on industries, the cabinet chaired by chief minister Siddaramaiah on Monday gave the nod to simplify procedures related to land allotment.

The cabinet gave the green signal to amend Karnataka Land Reforms Act, 1961, and Karnataka Land Revenue Act, 1964, paving the way for elimination of stringent procedures for approval of government land for industries and educational institutions ,among others.


Under the current system, a non-agriculturist with over Rs 2 lakh as annual income cannot buy agriculture land. However,the cabinet, state high-level clearance committee (SHLCC) or single-window committee, under powers vested in it, can allot land to industrial and other purposes under section 109 of the Land Reforms Act.


Once allotted under section 109, the allottees must approach the district deputy commissioner (DC) for land conversion under section 95 of the Karnataka Land Revenue Act, 1964. With the cabinet simplifying the procedure, this system of taking the DC’s permission for conversion has been done away with. 


“When cabinet or SHLCC has approved land allotment, what is the necessity for the DC to give approval again? The government has simplified the procedure by relaxing rules,” a revenue department official told.


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Tuesday, 11 November 2014

RISK ON PURCHASE OF REVENUE SITES


 Monthly Magazine of Property Matter


Agricultural lands can not be used for residential functions, till such lands are born-again from agricultural to non-agricultural residential purpose. Special Deputy Commissioner is that the competent authority to order for such conversion when paying requisite conversion charges.

A website shaped on the agricultural land, while not conversion is named Revenue website. it's solely when conversion of the agricultural land, layout may be shaped. However, Layout should be approved solely by the competent authorities. BDA is that the competent authority to approve layouts shaped within the urban or rural areas in metropolis, whereas BMRDA will approve layouts shaped in outskirts of metropolis. However, to get approval for formation of layout, compliance of rules and laws contemplated by BDA or BMRDA relating to road breadth, residential district, civic and, different amenities square measure to be consummated.


As per zonal regulation of comprehensive development set up, bound extent of land are going to be thought-about as inexperienced belt space that should be used just for agricultural activities. Agricultural lands not born-again still be agricultural land and there square measure varied restrictions on sale and buy of such agricultural land.


There square measure several instances whereby individuals obtain revenue sites while not knowing the legal implications concerned in shopping for such sites. The intending purchasers most ordinarily approach middlemen or native brokers, who, with their selling skills persuade them to shop for such revenue sites, concealing the very important defects and flaws within the title of the owner. Ultimately, it's the innocent vendee World Health Organization faces the legal battles for safeguarding their property.


Apart from the location being shaped on the agricultural land, there square measure many instances wherever the land would are notified for acquisition by bound statutory authorities or could even be land granted for schedule caste/schedule tribe. In square measure such circumstances, if sites square measure shaped on these lands while not getting previous approval from competent authorities, the vendee of such a website wouldn't get any valid title over the property. Infact, law stipulates that the lands granted to the schedule castes can revert back to the recipient himself if purchased in violation of bound obligatory provisions envisaged below the statute.

Form nine and kind ten:

Property falling below the village Panchayath space, that has been marked as Gramathana space within the Village Map by the Survey Department and having kind No.9 and ten square measure thought-about to possess real website standing. Form No.9 and10 is issued for the property coming back below Gramathana village Panchayath space. Further, although kind nos. nine & ten mention the location range and space in sq. feet, the initial records still determine the property by mentioning survey numbers and extent of the land in Acres and Guntas. In such a case, it might be terribly tough to spot the precise website, its space and limits and link it with kind no.9 & 10. side to the present, the middlemen, in connivance with a number of the revenue officers may involve in making counterfeit Forms Nos nine and ten and on the premise of such forms, properties square measure being sent in favour of innocent purchasers. it's not allowable below law to make layouts and sell the sites within the agricultural land or inexperienced belt space since even when conveyancing of such sites RTC (Record of Rights, residency and Crop Inspection) reflects the name of the initial landholder because the Kathedar. Loan facility If the title deeds don't seem to be clear and don't establish marketable title, it's terribly tough to get bank loans for construction by mortgage of such sites. Generally, these sites square measure settled on the town outskirts. Wherever infrastructure are going to be terribly poor with no correct roads, electricity or water.

Further, scope for improvement of infrastructure and providing civic amenities is additionally terribly less. In spite of these, if the vendee buys such sites, the initial landholder can seem out of thin air begin|and begin} cultivating the realm before long when the costs start rising high. The vendee can then notice it tough to spot his property since the boundaries prevailing at the time of buying the location would are removed. In such cases, the sole remedy obtainable for the aggrieved is to approach the court of law. Infact, solely a fraction of the deceived purchasers feel that the laws square measure useful below such circumstances.


Hence, it's judicious for the consumers to speculate their hard-earned cash on the sites within the layout that has been approved by the competent authorities and doesn't attract any violation of provision of law touching on Land Revenue Rules, Land Reforms Act or different relevant laws. AN seasoned advocate would offer higher steerage since the documents touching on the property would be diligently and completely scrutinized by him before advising the vendee to shop for the property while not involvement of any reasonably legal complications and to fullfill the dream to have a house become a reality.

Monday, 10 November 2014

CENTRE TO WOO REAL ESTATE FUNDS WITH TAX BENEFITS


 realestatereporter


Government is expected to give tax benefits to listed Real Estate and Infrastructure Investment Trusts. According to sources any capital gains tax on units of InvITs would be levied only at the time of ultimate disposal of the units of the sponsor under the new norms.

But the sponsor would not be entitled the concessional Securities Transaction Tax-based capital gains tax regime at the time of ultimate disposal of the units of the business trust.


Any dividend would be tax exempt in the hands of the business trust and the dividend component of the income distributed by the business trust would also be exempt in the hands of unit holder.

The interest received by REITs or InvITs from portfolio SPV would be given a complete tax pass-through, while the portfolio SPV would also be exempted from withholding tax on interest paid to the business trust. The interest from portfolio SPV too would not be taxable in the hands of the business trust.


The proposed tax exemptions and benefits notwithstanding, these new investment instruments would be ‘revenue accretive’ for the government in the form of additional taxes.


Government is expected to give tax benefits to listed Real Estate and Infrastructure Invest-ment Trusts. According to sources any capital gains tax on units of InvITs would be levied only at the time of ultimate disposal of the units of the sponsor under the new norms.

But the sponsor would not be entitled the concessional Securities Transaction Tax-based capital gains tax regime at the time of ultimate disposal of the units of the business trust.

Any dividend would be tax exempt in the hands of the business trust and the dividend component of the income distributed by the business trust would also be exempt in the hands of unit holder.

The interest received by REITs or InvITs from portfolio SPV would be given a complete tax pass-through, while the portfolio SPV would also be exempted from withholding tax on interest paid to the business trust. The interest from portfolio SPV too would not be taxable in the hands of the business trust.
The proposed tax exemptions and benefits notwithstanding, these new investment instruments would be ‘revenue accretive’ for the government in the form of additional taxes

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Improving Indoor Air in AC Offices



Do you know that the office equipment and furnishings in your air-conditioned work place release volatile organic compounds (VOCs), which left unattended, can create conditions for raid multiplication of bacteria and viruses? Do you know that the ducts of the central air-conditioning system in offices, if not maintained, can affect health and hygiene adversely?


With almost 75 to 90 percent of people working in software offices, banks and other corporate companies in Bangalore doing sedentary jobs- spending over 8 to 10 hours at a stretch in their air-conditioned offices, the risk towards incidence of health and hygiene-related problems is high.

Even people working in the office contribute unknowingly towards contaminating the indoor air. Sweat, body odour, cigarette smoke, cosmetics and constant release of carbon dioxide without fresh oxygen are top air contaminants in an AC office. Poor indoor air quality can cause allergies, fatigue, headaches, sore eyes, lethargy, colds and respiratory disorders, which is termed as the sick building syndrome (SBS). One of the most common examples of SBS is people yawning in their office in the morning. It is not because of lack of sleep, it is because of lack of oxygen.

The solutiontraditionally has been to bring in fresh air or use multiple chemicals to dilute the concentration of carbon dioxide and VOCs. The American Society of Heating Refrigeration and Air-conditioning Engineers (ASHRAE) recommends at least 15 to 20 cubic feet of fresh air per person per minute in an office. But unfortunately fresh air in our cities tends to carry a heavy load of automotive and industrial pollutants. Chemicals on the other hand bring with them their own problems like toxicity.

How does an office then improve the indoor air quality and thereby reduce health and hygiene problems in an air-conditioned office without bringing in fresh air or using chemicals? The solution lies in proper maintenance of air-conditioners. Maintenance among other things includes air purification, regular cleaning of ducts to prevent fungi formation, tuning up the central cooling system and fixing the leakages.

Cleaning of ducts is crucial for maintaining hygiene. Many offices tend to neglect the AC ducts. They do not realize that unkempt AC ducts could give rise to foul odours being emanated and circulated, as ducts are most prone to fungi formation, dead rodents and collection of dust and lint, which are extremely unhygienic.


The latest technology used by air-conditioning maintenance experts today for air purification is ozone. Ozone, when mixed with contaminated air, immediately and powerfully neutralizes the contaminants. A beneficial side –effect of ozone is it also decreases the heat load, which can reduce the air conditioning requirement of a building by at least 20 to 30 percent, which means huge savings on capital costs as well as operating costs.


Comprehensive maintenance conducted annually will look into all aspects like break down servicing, repairs and even replacement of certain electrical parts. It is worth the amount spent.

Since the productive assets of any company are its manpower, it would definitely be worth the while for it to invest in air-conditioning maintenance, which will ensure better health and hygiene and thereby better productivity.


• Smoking never should be permitted inside the office. If smoking indoors cannot be avoided, the ventilation in area where smoking takes place should be increased.

• Frequent emptying of water trays in air-conditioners should be done.


• Water- damaged carpets should be necessarily cleaned, dried or removed.

• The filters on central cooling systems and air cleaners should be changed as required when dehumidifiers are used they reduce humidity levels.


• Employing a trained professional who can inspect, clean and time-up the cooling system periodically or recurrent functional features the leaks should be promptly repaired.


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An article about "Fengshui improves your Home Environment"



The art of science of Fengshui is increasingly gaining recognition among real estate professionals and even in town planning, and is closely related to the practice of Vaastu. It is basically a tool to harmonize and align the dwelling place and is concerned with the flow of 'Chi' the Chinese term for movement of energy, in order to release blocked energy which may have an effect in the corresponding areas of our lives. Nowadays, Fengshui is known to maintain the value of real estate holdings and even in countries like the USA and Canada, buyers often prefer a property that has been approved by a Fengshui expert.

Fengshui gives importance and relevance to the five elements of water, wood, fire, earth and metal. It focuses on aligning the general layout of the dwelling and creating a balance in order to enhance the flow of Chi. It seeks to do this through the strategic placing of doors, windows, furniture, cots and stove. In addition, factors such as ventilation, the source of water and levels of the land must be in the right order so that the right place, approach and tuning can be achieved.

Nowadays there are many self-styled experts on Vaasthu and Fengshui who have distorted their use through offers like 'single window' services, often lumping it together with gemology, astrology and numerology. It has become non-functional because of the wrong advice imparted by such folk to clients. One must also remember that there is no dwelling which can be described as being 100% Vaasthu or Fengshui perfect. It certainly does not offer a remedy for controlling the force of birth of death, but rather improves our capacity to think and function better.

In Singapore, the town has been planned in keeping with the Fengshui texts known as the 'secrets of the 5 dragons,' that involve mountains, water resources and the movement of traffic as mean of creating prosperity for the country. In Taiwan and Malaysia, services of Fengshui experts are often used to assess the value of the property and to increase its worth before offering it to prospective buyers. Fengshui services are included in the offer of a single window service by The Appraisal Institute of Canada. Some great international corporations such as the Chase Manhattan Bank, Citibank and Morgan Guaranty Trust in Hong Kong and Taiwan do not hesitate to employ experts in this art for the help.

From the perspective of Fengshui, a house is not just a physical structure but is an entity that can either nurture your life or undermine it. It believes that the flow of Chi is what really decides the value of your property. People are automatically attracted to a home that has an abundance of positively flowing chi. There is a distinct relationship between the value of a property and good Fengshui. Homes with good Chi often command high prices in any neighborhood. Those homes that sit on the market longest are the ones in which energy is blocked and stagnant.

Earlier it was considered ideal for a home to have the famous Chinese green dragon-white tiger design in it. This means that there should be certain levels in the house, e.g. the back should be higher than the front and the right side should be lower than the left. This was supposed to protect the centre of the house and was known as the armchair design. Since it is difficult to create such levels in modern day life and as we cannot control the shapes of neighbouring buildings, one could adapt the method by planting trees or using lights mounted on poles to create a higher back effect in a house.

Some guidelines are available to ensure that your house is in harmony with the principles of Fengshui. One could explore the area to see if the design is harmonious and has a sense of beauty. Environmental pollution, the condition of sewage drains and the presence of high tension wires etc., could be noted. The appearance of the front door of the house is important. A front door has the ability to either welcome you or drive you away. Opportunities are supposed to enter through it and it should convey a feeling of pride.

Another important thing to note is the feel and smell of the house. Is there a light and airy feeling or a dark and ominous effect? If it is situated on a blind alley, the flow of chi will be blocked and will have no outlet. You must also see whether the house is situated at a T-junction or a cross road. You should also walk around and examine the house foundation, as it will eventually decide your life experiences. It should be solid without any cracks. Symmetrical shapes are ideal and offsets and angles should be avoided as they indicate fragmentation.

A road is said to conduct CHI energy throughout the environment and traffic movements. It is not good to live near highways and busy roads.  Neither is it considered healthy to be situated at the end of a road or at a T junction. In this case, putting up a hedge of healthy green plants would act as a shield. On the other hand you could reposition the door or put up a porch. Another method is to use mirrors, but one has to be careful of danger to oncoming vehicles at night.


Buildings which are at an eye-level with or under a flyover are not good as the home is likely to feel drained of energy and oppressed. If the flyover appears to bend and cut through the building it is particularly harmful and one way to avoid this is to use dark glasses on the window panes. Another method to overcome the overpowering effect of the flyover is to put up the lights at the four corners of the house, focused towards the lower surface of the flyover.

A noteworthy feature is whether the garage is detached or not. A detached garage is best as it allows Chi to move around freely. You should also check the ceiling for watermarks and make sure that there are plenty of windows. It is considered inauspicious to have bathrooms and kitchens in the centre. 

Even if your home is having some basic features which are out of harmony with the guidelines of Fengshui, it can be adapted though it may not be a perfect solution. Homes of this kind are known to exhibit a remarkable change after being corrected through the art of Fengshui.

Fengshui seeks to make your dwelling place supportive to its occupants and gives practical ways to adjust yourselves to the surroundings and the environment.


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